Showa Denko has received the Japanese Government’s interest subsidy concerning its investment in the expansion of used-plastic gasification facility at the Kawasaki Plant.
The investment has been recognised by the Ministry of Economy, Trade and Industry as part of the ministry’s fiscal 2014 program for the promotion of effective utilisation of resources. Under the program, SDK received a loan from the Development Bank of Japan Inc. on 30th January.
The Government provides interest subsidies for bank loans to firms investing in plant and equipment that promote effective utilisation of recyclable resources.
As part of its basic chemicals business, SDK is producing ammonia at Kawasaki. SDK gasifies used plastic to obtain part of hydrogen necessary for the synthesis of ammonia. In an effort to raise the percentage of hydrogen from used plastic, SDK is planning to expand its gasification facility at Kawasaki. After the completion of the planned expansion, the percentage of hydrogen from used plastic will increase to more than 60%.
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